Breaking: Ripple CEO Brad Garlinghouse anticipates a resolution in the ongoing SEC case by the first half of 2023. The legal battle between Ripple and the Securities and Exchange Commission (SEC) has been closely watched by the crypto community, and Garlinghouse's recent statement offers a potential timeline for its conclusion.

At an event for DC Fintech Week on Tuesday, the CEO of Ripple Labs, Brad Garlinghouse, noted that he expects the court to give its verdict on the case in the first half of next year. This prediction follows months of legal arguments and filings by both sides. The SEC plans to file a lawsuit against Ripple, alleging that it violated laws prohibiting the sale of unregistered securities when selling XRP to investors.

The core of the SEC's argument revolves around the claim that XRP should be classified as a security, thus requiring Ripple to register it with the commission before offering it to the public. Ripple, however, maintains that XRP is a currency and therefore not subject to securities laws. Ripple CEO Brad Garlinghouse said he expects an answer regarding the company's lawsuit with SEC “in the first half of next year.” Both Ripple and the SEC have filed motions for summary judgment, hoping to secure a favorable ruling without a full trial.

The outcome of this case could have significant implications for the broader cryptocurrency market, potentially setting precedents for how other digital assets are regulated. Investors and industry observers are eagerly awaiting the court's decision and its potential impact on the future of XRP and the crypto industry as a whole. Stay tuned for further updates on this developing story.